Construction boom: $40M in new homes being built on rare land

first_img Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 0:52Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:52 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD540p540p360p360p270p270pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenA look at Nicole Kidman’s Southern Highlands House00:52 With building costs starting from around $900,000, the exclusive Sanctuary Point precinct, offers some of the rarest waterfront blocks in Queensland and is seeing homes such as a sprawling mansion estimated to be worth $4 million and a three-storey home, which has nine bedrooms, under construction.Mostly family homes, the properties are being built by local and overseas buyers.Only six north-facing waterfront parcels remain for sale at Sanctuary Point with lots ranging from 650sq m to 1000sq m and priced from $1.75 million to $2.65 million.Mulpha Sanctuary Cove general manager of sales and development John Hughes said: “We’ve always experienced a steady run of sales across Sanctuary Cove over the past decade or so, but the pace has significantly accelerated over the past two years.“Demand for exclusive waterfront land at Sanctuary Cove has never been stronger and we’re effectively experiencing a boom in construction across the Sanctuary Point precinct to meet that demand.More from newsParks and wildlife the new lust-haves post coronavirus10 hours agoNoosa’s best beachfront penthouse is about to hit the market10 hours ago“The latest release within the Sanctuary Point precinct presents the most diverse range of luxury homes ever released at Sanctuary Cove. Some are nearing completion and some are ready to move in, and all of them bring a new level of style and luxury that has resonated with lifestyle buyers.”The properties being built onsite have many standout features including a three-level home with an underground basement and elevator, spas, firepits, wine cellars with temperature control fridges, voice-activated controls for the homes and butler’s pantry with kitchens.Sanctuary Cove has been the Gold Coast’s premier gated residential resort for more than 30 years, gaining an enviable reputation as the region’s most exclusive residential address.It is home to two championship 18-hole golf courses, the five-star InterContinental Sanctuary Cove Resort and the community’s beating heart, the Marine Village, which offers a host of dining and retail facilities. Only six north-facing waterfront parcels remain for sale at Sanctuary Point with lots ranging from 650sq m to 1000sq m and priced from $1.75 million to $2.65 million.It’s known for being a boatie’s haven, and now one of the last remaining waterfront precincts at Sanctuary Cove is undergoing a construction boom with almost $40 million in new homes being built.last_img

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